Exelon (NASDAQ:EXC) Stock Rating Upgraded by Evercore ISI

Exelon (NASDAQ:EXC) was upgraded by Evercore ISI from an “in-line” rating to an “outperform” rating in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage currently has a $44.00 price target on the stock, up from their previous price target of $43.00. Evercore ISI’s price objective would suggest a potential upside of 11.62% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley lowered their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank increased their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Barclays boosted their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.38.

Exelon Stock Up 0.2 %

EXC stock opened at $39.42 on Tuesday. The business’s 50-day moving average is $38.03 and its two-hundred day moving average is $38.27. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.62 and a beta of 0.55. Exelon has a fifty-two week low of $33.35 and a fifty-two week high of $41.19. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts forecast that Exelon will post 2.46 earnings per share for the current year.

Hedge Funds Weigh In On Exelon

A number of institutional investors and hedge funds have recently modified their holdings of EXC. Czech National Bank lifted its stake in Exelon by 7.0% in the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock worth $8,201,000 after purchasing an additional 14,158 shares during the last quarter. HITE Hedge Asset Management LLC grew its position in Exelon by 431.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after acquiring an additional 321,333 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares during the period. State Street Corp lifted its position in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Exelon by 3.3% during the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock valued at $47,029,000 after purchasing an additional 36,734 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.